Millicom (News - Alert) (NASDAQ:MICC)(STO:MIC), the leading international
telecommunications and media company (Stockholmsbörsen: MIC), announced
today that its revenue had increased by over 7% to exceed $5bn in 2013
as the company topped 50 million customers for the first time.

· Millicom returned to strong organic growth in the 4th quarter with
8.4% year on year growth excluding Online

· Africa shows the first positive signs of growth with revenue rising 9%
in the quarter in local currency

· Cable grows by 10% as we continue to invest in entertainment services
such as "Tigo Sports"

· MFS now has over six million customers with penetration approaching
16% of the customer base

· The transformation to a Digital Lifestyle company moves ahead, as
demonstrated by the success of our recent partnership with Facebook (News - Alert) and
Tigo Music and

· A solid financial performance: 7.3% local currency revenue growth in
2013, 39.2% EBITDA margin (excluding Online and one-offs) in line with
guidance.

The company also published details of its progress in delivering growth
across four strategic pillars announced last year:

· In Q4, our mobile data business went from strength to strength, adding
on average 100,000 new mobile data customers every week, improving
penetration of mobile data within our mobile customer base to 20.2%, up
over 50% from December 2012

· In Cable & Digital Media, we continued to show solid growth as we
prepare for the February 2014 launch of "Tigo Star" and "Tigo Sports",
our new cable and broadband service and TV channels

· MFS penetration growth accelerated in the fourth quarter reaching
15.8% of our customers in the markets in which we offer the service. In
Q4 we added 50% more new customers than on average over the first nine
months of the year. This month we will launch the world' first MFS
service with currency conversion in Africa and

· In Online we continued to actively roll out our most successful
concepts across Africa and Latin America and entered into a landmark
agreement with MTN (News - Alert) and Rocket Internet to accelerate development of our
Online businesses in Africa.

Commenting on the results, Millicom's President and CEO Hans-Holger
Albrecht said:

"Millicom's growth story continues. Adding almost 1.7 million mobile
customers to exceed 50 million customers for the first time is one of
many significant milestones this quarter. Adding 100,000 data users a
week and gaining 500,000 customers in six months in the recently
troubled Kivu region in DRC are examples of our determination and
spirit. By the end of this year we will be offering a full range of
digital services in all Tigo mobile markets in Latin America. This
gives us a head start in the bundling business and is a big step in the
execution of our strategy to drive forward the Digital Lifestyle.

Our planned investments are on track as we upgrade our services and keep
innovating to maintain a strong competitive edge. In 2014, we will
continue to focus on rigorous financial discipline, operating efficiency
and providing our customers with the Digital Lifestyle. Our ambition is
to execute further our transformation in 2014."

About Millicom

Millicom is a leading international telecommunications and media company
dedicated to emerging markets in Latin America and Africa. Millicom sets
the pace when it comes to providing digital lifestyle services to the
world's emerging markets, giving access to the world, primarily through
mobile devices. Operating in 15 countries, Millicom offers innovative
and customer-centric products. Millicom employs more than 10,000 people
and provides mobile, cable, broadband, TV content, online and financial
services to over 50 million customers. Founded in 1990, Millicom is
headquartered in Luxembourg and listed on NASDAQ OMX Stockholm under the
symbol MIC. In 2013 Millicom generated revenue of $5.16 billion and
EBITDA of $1.9 billion.

This press release contains "forward-looking statements", which are
statements that are not historical facts, including statements
concerning the parties' ability to complete the proposed transaction;
the anticipated timing of the proposed transaction; the expected
benefits and costs of the proposed transaction; management plans
relating to the proposed transaction; any statements of operations,
including the execution of integration plans; any statements of
expectation or belief; and any statements of assumptions underlying any
of the foregoing. Any statement in this announcement that expresses or
implies any party's intentions, beliefs, expectations or predictions
(and the assumptions underlying them) is a forward-looking statement.
Forward-looking statements involve inherent risks, uncertainties and
assumptions which could cause actual results to differ materially from
those expressed or implied by such forward-looking statements and
assumptions. The forward-looking statements contained in this
announcement are made as of the date hereof, and each party expressly
disclaims any obligation to update or correct any forward-looking
statements made herein due to the occurrence of events after the
issuance of this announcement. This announcement is for informational
purposes only and is not an offer to sell or the solicitation of an
offer to buy any securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful.